11 bed terraced house for sale

40-42 King Street, Lancaster, Lancashire LA1

For Sale By Auction on 21st May at 14:30 unless sold prior or withdrawn.

To inspect the legal documents for this property please see the more information section below or visit our website.

A middle terraced 3 storey building with separate front doors to 40 and 42 situated within a conservation area comprising of a 5 bedroom & 6 bedroom HMO investment opportunity producing a total rental income of £64,368 per annum. The property benefits from electric heating and a rear garden. There is potential to develop to the rear subject to any necessary consents.

Situated
Fronting King Street in a popular and well established location within Lancaster City Centre close to amenities, bars, restaurants and with good transport links.

Accommodation
Ground Floor
40: Hall, 5 Letting Rooms, 2 Shower Rooms/WC, Utility Room, Kitchen/Living Room.
42: Entrance Hall.

First Floor
42: 4 Letting Rooms, Shower Room/WC.

Second Floor
42: 2 Letting Rooms, Living Room, Kitchen, Shower Room/WC.

EPC Rating
E

get ready to bid by visiting the auctioneers website

guide prices & reserve prices


Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the m

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.